Why is Timex Group falling/rising?

As of 15-Jul, Timex Group India Ltd's stock price is currently at 224.35, reflecting an increase of 2.0 (0.9%). Today's price movement indicates a trend reversal as the stock has gained after three consecutive days of decline. Despite a recent drop of 17.90% over the past month, the stock has shown strong long-term performance, with a year-to-date increase of 15.91% and a remarkable 39.39% rise over the past year. The company's ability to service debt is strong, evidenced by a low Debt to EBITDA ratio of 0.44 times, and it has reported positive results for the last three consecutive quarters, contributing to a healthy outlook for future growth.
In the broader market context, the stock's recent performance has been relatively better than the benchmark, as it has outperformed the Sensex over the last year and three years, despite a short-term decline. The stock's performance today is in line with the sector, but there has been a notable decrease in investor participation, with delivery volume falling by 49.78% against the five-day average. This decline in participation could be a concern, but the overall long-term growth potential and recent positive financial results suggest that the stock remains a hold for investors.